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unless congress can agree on a broader deficit reduction package. president obama says if congress fails to agree on such a package as seems likely he wants to delay the cuts to give lawmakers even more time to hand route a deal. >> if congress can't act immediately on a bigger package, if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effecting on f the sequester for a few more months until congress finds a way to replace these cuts with a smarter solution. >> on the same day the president spoke, the congressional budget office confirmed what a vast body of empirical evidence has already told us. austerity has been a considerabn economic growth. quote, gdp will grow slowly in 2013 because of fiscal tightening. without that it would probably improve by 1.5%. economic output will remain lower until 2017 making a full decade of lost economic growth from a financial crash. so with the sequester looming we
Search Results 0 to 1 of about 2 (some duplicates have been removed)